Reporting its full-year financial results, Suzlon finance chief Kirti Vagadia said: “Our results [for the financial year] were largely impacted by working capital challenges which have now been addressed.
“Our business operations are now adequately funded with requisite working capital facilities to ramp-up volumes.”
Vagadia said Suzlon will also have more “headroom” thanks to the lower interest payments on its debts.
Most of the proceeds of its €1bn sale of Germany-based Senvion to US private equity firm Centerbridge will be used for debt reduction.
Suzlon’s
